0856 GMT - Yields on U.K. government bonds edge higher, reversing Wednesday's declines. Yields rise by less than those of eurozone bonds, however, as investors await a widely-expected interest-rate cut by the Bank of England at 1200 GMT. The BOE could signal readiness to cut interest rates faster than expected at future meetings due to the U.K.'s weak growth, RBC Capital Markets analysts say in a note. The 10-year gilt yield rises 1 basis point to 4.445%, while the German 10-year Bund yield rises 3 basis points to 2.386% Tradeweb data show. Markets price in a 95% probability of the BOE cutting interest rates by 25 basis points to 4.50%, LSEG Refinitiv data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 03:56 ET (08:56 GMT)
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